Credit and Loans

Credit and Loans

12th Grade

27 Qs

quiz-placeholder

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Assessment

Quiz

Social Studies

12th Grade

Medium

Created by

Barbara MacFarlane

Used 6+ times

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27 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the amount borrowed or the amount of a loan still unpaid

principal

bankruptcy

borrow

credit score

interest

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

an arrangement after financial collapse in which a business rearranges its finances

principal

bankruptcy

borrow

credit score

interest

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

to obtain money by promising to repay it

principal

bankruptcy

borrow

credit score

interest

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

the the measure of how worthy a person is to receive loans

principal

bankruptcy

borrow

credit score

interest

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

a charge or fee in exchange for borrowing money

principal

bankruptcy

borrow

credit score

interest

6.

FILL IN THE BLANK QUESTION

30 sec • 1 pt

Having a credit card means that you will be able to use it to____ something.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

When consumers use credit, they are taking on a ____ that must be repaid.

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